Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-20-Speech-4-022-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-01-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Report on competition policy 2009 (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20110120.3.4-022-000"2
lpv:hasSubsequent	lp_eu:2011-01-20-Speech-4-023-0002
lpv:speaker	lp:Kay Swinburne2
lpv:spoken text	"Mr President, firstly, I would like to congratulate my colleague, Derk Jan Eppink, on his comprehensive and well negotiated report, covering so many topics. Fundamentally, competition policy should be at the heart of the European single market and solid principles of competition should be built into all EU legislation. Competition should create a stronger marketplace for EU citizens and allow the EU to be more competitive on a global basis. In the latest wave of financial services legislation, there is a danger that this principle is being lost. We must use every opportunity to create more competition in markets dominated by large market participants and create a more vibrant marketplace. In the derivatives legislation currently being negotiated, we can ensure that we do not create or reinforce monopolies by supporting open access to CCPs and the like, and by ensuring the availability of important data streams to all players. In the upcoming review of MiFID, we must remember its original purpose of opening up Europe’s equity markets to competition and, after its expansion to include new asset classes, we must ensure that the competitive principles are upheld, since a combination of these has actually significantly driven down trading fees for investors in the equities over the last three years. When we consider reforms for auditors, credit rating agencies and other financial services providers, we can consider where the barriers to market entry lie, and work to break them down. I believe that standing up for competition in key industries is the way that we will generate the true growth potential of the EU and reinvigorate our economies in this ever-changing world."@en1
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2012-03-27)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-10-19--2014-06-30)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; PECH (2009-07-14--2014-06-30)3
lpv:unclassifiedMetadata	"Kay Swinburne,"1 "on behalf of the ECR Group."1
lpv:videoURI	<go to Events_and_structure europarl>2

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